iRobot, Roomba
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Robot just declared chapter 11 bankruptcy. And though it’s being bought out, it’s hard to tell what that means for Roomba owners.
The Roomba maker is being sold to its Chinese contract manufacturer, a move CEO Gary Cohen says will keep the company alive and allow it to grow.
From disaster zones, to oil spills, to the Great Pyramids of Giza, iRobot has taken its robot everywhere in its 35 years.
Robot filed for bankruptcy and will be bought by Chinese manufacturer after Amazon's $1.4 billion acquisition was blocked by the FTC on antitrust grounds last year.
4don MSN
How iRobot lost its way home
Robot survived three decades of competition, but couldn't survive European regulators killing its Amazon buyout. Now it's being taken over by its own supplier in bankruptcy court.